Post by
MrDales62 on May 16, 2023 8:34am
Earnings out,
ATLANTA, May 16, 2023/PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, today reported sales of $37.3 billion for the first quarter of fiscal 2023, a decrease of 4.2% from the first quarter of fiscal 2022. Comparable sales for the first quarter of fiscal 2023 decreased 4.5%, and comparable sales in the U.S. decreased 4.6%.
Inflation running over 5% for the quarter and sales are DOWN 4.2%!
The consumer has slowed their buying, not good.